Vedanta shares slide 1.5% ahead of board meet to consider FY27 first interim dividend; record date fixed

Vedanta Ltd shares were trading in the red in the early trade on Thursday, October 8, ahead of the company's board meeting due later in the day.

The stock slipped as much as 1.54% to ₹257.35 on the NSE.

The company's board is slated to meet on Thursday, October 08, 2026, to consider and approve the First Interim Dividend on equity shares, if any, for the Financial Year 2026-27.

The company added that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Wednesday, October 14, 2026.

Vedanta had declared three interim dividends totalling ₹34 per share in FY26, with the payouts amounting to around ₹13,293 crore.

Vedanta Q1 FY27 earnings

The mining conglomerate reported a 71.8% rise in consolidated net profit at ₹5,473 crore in the quarter ended June 2026 (Q2 FY27), citing higher sales amid rising global metal prices and a lower exchange rate of the rupee.

In the year-ago period, the Anil Agarwal-led company posted a consolidated net profit of ₹3,185 crore.

Revenue from operations during the first quarter of FY27 rose by 53.6% to ₹24,205 crore from ₹15,754 crore logged a year ago.

Expenses during the reporting quarter rose to ₹17,558 crore from ₹13,203 crore recorded in the year-ago period, the company said in a regulatory filing.

"We have delivered a strong start to FY27, with robust performance across all business segments of demerged Vedanta... This consistent operational execution across our portfolio reflects the strength of our underlying asset base and our continued focus on volume growth, cost efficiency and value creation," Vedanta Ltd Executive Director Arun Misra said.

In a statement, the company said that the finance cost was higher by 9% YoY but lower by 5% QoQ.

"Vedanta's demerger is unlocking significant shareholder value, with the combined market cap of resulting companies growing by over ₹71,000 crore in the 1st quarter. Vedanta Limited has delivered strong Q1 results, with continuing operations PAT growing to ₹5,294 crore, up 152% YoY, and EBITDA to ₹8,469 crore, up 98% YoY," Vedanta CFO Ajay Goel said.

The board approved the re-appointment of Misra as an Executive Director and additionally designated him as Chief Executive Officer of the company for one year effective from August 1, 2026, subject to approval of the shareholders.

The board has also approved the demerger of its real estate business to unlock significant value.